Everyone is talking about the famous basketball player LeBron James net worth. He is a professional American basketball player and entrepreneur. LeBron James net worth is $500 million. He has accumulated a huge amount of wealth over the past 17 years in the NBA. James is well on his way to becoming the billionaire, following his idol Michael Jordan’s footsteps.
LeBron is widely regarded as one of the greatest basketball players of all time. James won three NBA Finals MVP awards, four NBA most valuable player awards, and two Olympic gold medals.
Lebron James Net Worth
Lebron James net worth is $500 million, as for 2020 net worth is $88.2 million, according to Forbes. Every year, he earns around $40 million in salary and $55 million from the endorsements. That brings the total annual income to around $100 million. From June 2017 and June 2018, he earned about $ 86 million, and from 2018 to 2019, James earned about $85 million.
Career Earnings Of LeBron James
During the first ten seasons in the NBA, he earned just over $126 million in salary alone. At the same time, James earned around $326 million from the endorsements. Total is $452 million from his first decade as a professional. However, we can say that he earned about $600 million in salaries before tax and expenses.
He also signed a two-year contract of $85 million extensions with the Lakers. When the contract is up in 2023, James will have earned $428 million in NBA salaries.
James has endorsement deals with lots of companies which includes, Microsoft, McDonald’s, State Farm, Coca-Cola, Beats by Dre, Nike, Samsung, Dunkin-Donuts, Baskin Robbins, and more. Moreover, to endorsing Beats by Dre, James also owned 1% of the company. LeBron earned royalty payments totaling $1 million during the years as a spokesman.
James signed the first Nike endorsement deal at the age of 18. The contract was paid $90 million over seven years, $12.8 million per year. Though, he was offered $115 million to sign with Reebok.
Today he earns $20 million per year from Nike in the form of royalty and salary payments for the signature shoe line.
In December 2015, James signed the lifetime endorsement deal with Nike that ultimately to be worth more than $1 billion. It is the first lifetime deal that Nike has offered and reportedly the largest deal in the company’s history.
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Early Life Of LeBron James
LeBron James was born in December 1984 in Akron, Ohio. When James was just an infant, his mother gave him the miniature basketball and hoop which he played for hours. Soon, basketball became LeBron James’s life, and when he was old enough to play for his elementary school, he outdid immediately on the court. James attended St Vincent-St Mary High School, where he becomes the youngest person ever to join the USA Today All USA first team. In his junior year, he was named the Gatorade National Player of the Year.
It was also around this time that he became known as King James. LeBron began to appear on the cover of SLAM magazine when he was still in high school. It was clear to everyone that James was destined to be the NBA superstar. LeBron was chosen by the Cleveland Cavaliers as the first overall pick for the 2003 NBA draft. In 2012 and 2013, James and the Miami Heat won the Nba championship. Also, James was voted MVP of both series.
James and his business partner Maverick Carter are the co-founders of the production of this company. The company has produced documentaries, movies, and television shows.
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While it is James’s ultimate goal to own the NBA team, in the meantime, he will have to make-do with owning the soccer team. James struck the deal to acquire the 2% stake in Liverpool F.C. from the club’s majority owners. Since the deal was struck in the year, Liverpool won the UEFA Champions League tournaments and has grown to $2 billion. James’s stake is worth at least $40 million.
|Net Worth:||$500 Million|
|Date of Birth:||1984-12-30|
|Salary:||$100 Million Per Year|
|Height:||6 ft 8 in (2.05 m)|
|Profession:||Basketball player, Television producer, Athlete, Voice Actor, Screenwriter|
|Nationality:||United States of America|
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